NEW YORK, April 21, Apr 21, 2020 (GLOBE NEWSWIRE via COMTEX) -- Global Health Insurance Market report provides statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. The report also plays a key role in keeping hold of the reputation of the firm and its products. The Global Health Insurance Market document contains all the information--including market definition, classifications, applications, and engagements--while also detailing what the major players are doing in respect of product launches, joint ventures, developments, mergers and acquisitions, and how it is affecting the market in terms of sales, revenue and CAGR values for the market. Some of the key and developing players highlighted in the report include UnitedHealth Group, Anthem Insurance Companies, Inc, Aetna Inc., Centene Corporation, Cigna, Allianz Care, Axa, Assicurazioni Generali S.P.A., Bupa, AIA Group Limited, Aviva, BMI Healthcare, Broadstone Corporate Benefits Limited, HBF Health Limited, Healthcare International Global Network Ltd., International Medical Group, Inc., Mapfre, Now Health International, Oracle, VHI Group, and Vitality Corporate Services Limited.
Health Insurance Market has shown an increase in number of policy holders due to government initiatives and a growing number of local and global insurance providers catering to the demand. However, high cost of premiums and complicated reimbursement processes are expected to restrict the growth of the market.
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Global Health Insurance Market Scenario
According to Data Bridge Market Research, the market leader UnitedHealth Group accounts for an estimated market share of approximately 10% to 15% of the global health insurance market. In the North American health insurance market, an estimated market share of approximately 30% to 33% is held by UnitedHealth Group, which is a leader in health insurance in the U.S. Additionally, the company is continuously involved in the business expansion activities to increase its global and regional presence in health insurance policies. The health insurance sales revenue of United Health Group has increased drastically by approximately 12%, as compared to 2018, to generate sales revenue of USD 226 billion in 2019.
-- In November 2019, UnitedHealth Group care announced that the company will open 14 UnitedHealthcare Medicare services centers in partnership with Walgreens. The move will help the company to provide access to its services to a greater pool of customers.
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Key Pointers Covered in the Global Health Insurance Market Industry Trends and Forecast to 2027
-- Insurance Market Size
-- Regulatory Framework and Changes
-- Market Shares in Different Regions
-- Developments for Market Competitors
-- Market Value for Different Regions
-- Sales Data for Market Competitors
-- key Vendors and Disruptors Study
The Health Insurance report provides insights on the following pointers:
-- Market Penetration: Comprehensive information on the product portfolios of the top players in the market
-- To gain insightful analyses of the market and have a comprehensive understanding of the "Health Insurance" and its commercial landscape
-- Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Health Insurance
Trends Impacting the Market
Now the question is which are the other regions that UnitedHealth Group and Aetna, Inc. (a subsidiary of CVS Health) are targeting? Data Bridge Market Research has forecasted a large growth in the North American health insurance market and the market leaders targeting U.S. and Canada to be their next revenue pockets for 2020.
The health insurance market is becoming more competitive every year with companies like UnitedHealth Group and Anthem Insurance Companies, Inc. (A Subsidiary of Anthem, Inc.) that are the market leaders for health insurance along with a large number of home-grown companies across different countries. The Data bridge market research new reports highlight the major growth factors and opportunities in the global health insurance market.
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Table of Contents-Snapshot
- Executive Summary
Chapter 1 Industry Overview
Chapter 2 Industry Competition by Manufacturers
Chapter 3 Industry Production Market Share by Regions
Chapter 4 Industry Consumption by Regions
Chapter 5 Industry Production, Revenue, Price Trend by Type
Chapter 6 Industry Analysis by Applications
Chapter 7 Company Profiles and Key Figures in Industry Business
Chapter 8 Industry Manufacturing Cost Analysis
Chapter 9 Marketing Channel, Distributors and Customers
Chapter 10 Market Dynamics
Chapter 11 Industry Forecast
Chapter 12 Research Findings and Conclusion
Chapter 13 Methodology and Data Source